{
  "name": "Live economy equities glossary",
  "url": "https://liveindex.io/equities/glossary",
  "publisher": "Live Index",
  "methodologyVersion": "1.0",
  "reviewed": "2026-08-22",
  "license": "Live Index definitions, reuse with attribution.",
  "count": 14,
  "terms": [
    {
      "slug": "live-revenue-exposure",
      "term": "Live Revenue Exposure",
      "definition": "The share of a company's total revenue that is attributable to live music and live events, measured from the company's own disclosure rather than estimated.",
      "url": "https://liveindex.io/equities/glossary/live-revenue-exposure",
      "usedOn": [
        "https://liveindex.io/equities/methodology",
        "https://liveindex.io/equities/segments/promotion-venues",
        "https://liveindex.io/equities/segments/ticketing"
      ]
    },
    {
      "slug": "live-attributable-market-cap",
      "term": "Live-Attributable Market Cap",
      "definition": "A company's float-adjusted market capitalisation multiplied by its Live Revenue Exposure, used as the weighting base instead of full market capitalisation.",
      "url": "https://liveindex.io/equities/glossary/live-attributable-market-cap",
      "usedOn": [
        "https://liveindex.io/equities/methodology",
        "https://liveindex.io/equities/segments/rights-publishing"
      ]
    },
    {
      "slug": "rebalance-date",
      "term": "Rebalance Date",
      "definition": "The scheduled date on which constituent membership, exposure measurements and weights are recalculated and applied to the index.",
      "url": "https://liveindex.io/equities/glossary/rebalance-date",
      "usedOn": [
        "https://liveindex.io/equities/methodology"
      ]
    },
    {
      "slug": "capped-series",
      "term": "Capped Series",
      "definition": "A version of the index in which no single constituent may exceed a fixed maximum weight, with the excess redistributed across the remaining constituents.",
      "url": "https://liveindex.io/equities/glossary/capped-series",
      "usedOn": [
        "https://liveindex.io/equities/methodology"
      ]
    },
    {
      "slug": "uncapped-series",
      "term": "Uncapped Series",
      "definition": "The version of the index in which constituents are weighted purely by Live-Attributable Market Cap, with no maximum weight applied.",
      "url": "https://liveindex.io/equities/glossary/uncapped-series",
      "usedOn": [
        "https://liveindex.io/equities/methodology"
      ]
    },
    {
      "slug": "free-float",
      "term": "Free Float",
      "definition": "The portion of a company's shares available for public trading, excluding holdings that are strategic, restricted or otherwise not in circulation.",
      "url": "https://liveindex.io/equities/glossary/free-float",
      "usedOn": [
        "https://liveindex.io/equities/methodology"
      ]
    },
    {
      "slug": "sub-index",
      "term": "Sub-Index",
      "definition": "A segment-level series computed from the constituents assigned to one of the eight activity segments, using the same construction rule as the headline index.",
      "url": "https://liveindex.io/equities/glossary/sub-index",
      "usedOn": [
        "https://liveindex.io/equities/methodology",
        "https://liveindex.io/equities/segments/audio-lighting"
      ]
    },
    {
      "slug": "constituent",
      "term": "Constituent",
      "definition": "A listed company that has passed the eligibility test and is included in the index at a defined weight as of the most recent rebalance date.",
      "url": "https://liveindex.io/equities/glossary/constituent",
      "usedOn": [
        "https://liveindex.io/equities/methodology"
      ]
    },
    {
      "slug": "corporate-action",
      "term": "Corporate Action",
      "definition": "A change to a constituent's share structure or listing status — a merger, spin-off, split, delisting or acquisition — that requires the index to adjust outside the normal rebalance cycle.",
      "url": "https://liveindex.io/equities/glossary/corporate-action",
      "usedOn": [
        "https://liveindex.io/equities/methodology",
        "https://liveindex.io/equities/segments/video-led-projection"
      ]
    },
    {
      "slug": "private-register",
      "term": "Private Register",
      "definition": "The parallel record of privately held live-music companies that shape market structure but cannot enter an equity index because they have no listed shares.",
      "url": "https://liveindex.io/equities/glossary/private-register",
      "usedOn": [
        "https://liveindex.io/equities/private",
        "https://liveindex.io/equities/methodology"
      ]
    },
    {
      "slug": "take-rate",
      "term": "Take Rate",
      "definition": "The share of a ticket transaction's total value retained by the intermediary that processed it, rather than passed to the promoter, venue or artist.",
      "url": "https://liveindex.io/equities/glossary/take-rate",
      "usedOn": [
        "https://liveindex.io/equities/segments/ticketing"
      ]
    },
    {
      "slug": "service-fee-cap",
      "term": "Service Fee Cap",
      "definition": "A regulatory or contractual limit on the fees that may be charged on a ticket transaction, whether as an absolute amount or a share of face value.",
      "url": "https://liveindex.io/equities/glossary/service-fee-cap",
      "usedOn": [
        "https://liveindex.io/equities/segments/ticketing",
        "https://liveindex.io/equities/regulatory"
      ]
    },
    {
      "slug": "amphitheater-exclusivity",
      "term": "Amphitheater Exclusivity",
      "definition": "A contractual arrangement under which an amphitheatre's booking, promotion or ticketing is reserved to a single company for a defined term.",
      "url": "https://liveindex.io/equities/glossary/amphitheater-exclusivity",
      "usedOn": [
        "https://liveindex.io/equities/segments/promotion-venues",
        "https://liveindex.io/equities/regulatory"
      ]
    },
    {
      "slug": "net-back",
      "term": "Net-Back",
      "definition": "The amount that reaches the artist, promoter or venue after fees, taxes, deductions and pass-through costs are removed from the gross transaction value.",
      "url": "https://liveindex.io/equities/glossary/net-back",
      "usedOn": [
        "https://liveindex.io/equities/segments/promotion-venues"
      ]
    }
  ]
}